FEB 19, 2009 5:52am ET

Web Seminars

April 29: Create a data protection strategy with open, software-defined storage
April 29, 2014
New Best Practices To Manage Customer Information
May 7, 2014
May 13: Cost-effective, scale-out backup in 1 solution
May 13, 2014

Learning from the Black Swan

Print
Reprints
Email

Nassim Nicholas Taleb was right. The world financial system was recently devastated by unpredicted catastrophes of grand proportion – a financial black swan – and struggles today to recover and explain the carnage. Taleb predicted such an event in his 2007 bestseller The Black Swan, The Impact of the Highly Improbable. In 2005, Taleb took on the investment community with his highly entertaining Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life., in which he assails the financial services community for its dumb luck, its hubris and its reckless conduct.  With no shortage of ego, Taleb iterates his financial doom and gloom theme with a vengeance in a Feb 2, 2009 Forbes interview, castigating the industry for its overconfidence and its lax risk-control models built on faulty assumptions. For Taleb, the extraordinary booms and busts experienced over the last 20 years are far outside the tidy predictions of our cherished bell curve models. Fat tails are, unfortunately, facts of financial life.

Get access to this article and thousands more...

All Information Management articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to:

  • Full access to information-management.com including all searchable archived content
  • Exclusive E-Newsletters delivering the latest headlines to your inbox
  • Access to White Papers, Web Seminars, and Blog Discussions
  • Discounts to upcoming conferences & events
  • Uninterrupted access to all sponsored content, and MORE!

Already Registered?

Filed under:

Advertisement

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
You must be registered to post a comment.
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Are you actively evaluating master data management technologies and their ability to scale and support emerging trends around big data, social and mobile?

Yes 61%
No 23%
Don't Know 9%
Not Applicable 6%

 

Twitter
Facebook
LinkedIn
Login  |  My Account  |  White Papers  |  Web Seminars  |  Events |  Newsletters |  eBooks
FOLLOW US
Please note you must now log in with your email address and password.